DOL boosting “missing participant” retirement plan audits

The audits expand on a pilot project launched last year in Philadelphia and put more pressure on plan administrators to find former employees or their beneficiaries so that the benefits theyre owed can be distributed.

By Marlene Y. Satter|October 13, 2017 at 10:03 AM|Originally published on Benefitspro.Com

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From October 2016 to August 2017, the Philadelphia DOL recovered more than $165 million in benefits that should have been paid to participants. (Image: Shutterstock)